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16 East St 1,951 SF Retail Building Southampton SO14 3HG $259,811 ($133.17/SF) 10.79% Cap Rate
Investment Highlights
- Prime location
- Upwards only rent reviews
- Suitable for a SIPP
Executive Summary
Comprises American-style sports bar arranged over the ground and first floors.Entire property let until April 2034. Rent deposit held of £11,250.
Benefits from proximity to £132m regeneration of Bargate Quarter – the scheme will create 519 new homes along with 2,515 sq m of commercial space.
Benefits from proximity to £132m regeneration of Bargate Quarter – the scheme will create 519 new homes along with 2,515 sq m of commercial space.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
1,951 SF
Building Class
B
Year Built
1960
Price
$259,811
Price Per SF
$133.17
Cap Rate
10.79%
NOI
$28,034
Tenancy
Single
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.07 AC
Parking
2 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
17’ on East St
Amenities
- Dedicated Turn Lane
- Signage
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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16 East St
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